Johnson Outdoors Inc. (NASDAQ:JOUT) Stock Position Boosted by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lifted its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 71.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 72,211 shares of the company's stock after acquiring an additional 30,100 shares during the quarter. Rice Hall James & Associates LLC owned 0.70% of Johnson Outdoors worth $2,614,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. nVerses Capital LLC increased its holdings in Johnson Outdoors by 100.0% in the third quarter. nVerses Capital LLC now owns 800 shares of the company's stock valued at $29,000 after buying an additional 400 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Johnson Outdoors in the first quarter valued at about $101,000. EntryPoint Capital LLC bought a new stake in Johnson Outdoors in the first quarter valued at about $136,000. BNP Paribas Financial Markets increased its holdings in Johnson Outdoors by 47.9% in the first quarter. BNP Paribas Financial Markets now owns 3,175 shares of the company's stock valued at $146,000 after buying an additional 1,029 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Johnson Outdoors in the second quarter valued at about $238,000. 64.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Johnson Outdoors from a "sell" rating to a "hold" rating in a report on Thursday, August 8th.

Johnson Outdoors Stock Up 1.5 %

Shares of NASDAQ:JOUT traded up $0.46 during trading on Friday, hitting $32.08. 30,611 shares of the company traded hands, compared to its average volume of 29,890. The business's fifty day moving average is $35.08 and its 200-day moving average is $36.45. Johnson Outdoors Inc. has a one year low of $31.60 and a one year high of $55.30.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.06). The company had revenue of $172.47 million for the quarter, compared to the consensus estimate of $176.14 million. Johnson Outdoors had a negative return on equity of 1.65% and a negative net margin of 1.42%. During the same quarter in the previous year, the company earned $1.44 earnings per share. Analysts predict that Johnson Outdoors Inc. will post -0.23 EPS for the current year.

Johnson Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were given a $0.33 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $1.32 annualized dividend and a yield of 4.11%. Johnson Outdoors's dividend payout ratio is presently -162.96%.

Johnson Outdoors Company Profile

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.